tv Cashin In FOX Business October 28, 2012 9:30am-10:00am EDT
i like the stock. analyst say it will slow down. >> thank you, ladies. thanks for watching and keep it right here. it continues witas out. presidential nomee make the final tch. two-thirds of eloyees are stressing out as the economic recovery stalling out. time to give them credit for keeping america great. i am cheryl casone, welcome to cash in. we have john and traces and joining us sally cone is with us. and i want to start wu. burned out workers helpi the economy. how does that work? >> if we live in utopia they
would skip to work and share cookies on the coffee break. we are seeing even though people are in jobs they can't stand. myself not included. you go to work because you have pay the bills and keep your hosholted going. you are not quiting on yourself and that is part of the american drive that is keeping the going. >> is it good that 63 percent . workers fl stressed out and extreme fatigue. is that good for busins? >> no, it is not good that americans are feeling stressed out. we are in bad economic times and have the lowest labor participate . 37 million americans are in porty out there. but the fact that americans show up and go to work. it is what the greatest generation did in world war ii. i have been over to see what our soldiers are doing. times are tough and merrence
are stressed ande have structurally high unemployment and america is not used to that. but americans show up to work and plow ahead. >> more americans say showing up to work is a number one priority. is that good. >> i agree with everybody else. obviously part of what makes americans hard working and makes us great. we keep work of course we are exhaust stressed out. people are working longer hours and productivity has gone up but wages are stagnant for over 30 years in this country while profits have risen. we are bleeding working people as much as we can and they are not getting any benefits. you have american businesses that do fincially and help
the u.s. economy? >> american workers are stressed out. what is more stressful is nolt having a job. stress is a normal part of the life and work and we know we are capable of overcoming it. what the study spoke to was a feeling of hopelessness and nothing you can do to achieve and succeed. i think that comes from the fulture that said as sally alluded tompt it is rigged and one percent control and you need government to live your life and make decisions . that kills self-esteem. >> look at the numbers. 53 percent of the workers said they will take stress breaks and find way to deal with stress to keep working. that is a level of commitment they are showing. yeah, this is so much video do
sciko babble. i am stressed you are stressed and everybody gets stressed. i mean some guy on the assembly line. how about the guy in the top who is working overtime and trying to make the numbers work. he's stress the guy who is trading stocks like johnathon he's stret. if the markets go up he's happy but down he's stressed. vuto live with it. paul. it is worse because we ared about where the economy. i show up. if i don't show up in my seat i get laid off that. is a stress we haven't seen in a long time. can i ever show my house again and look what happens if we do achieve and cate jobs and
make money and make it. we are lambaste demonized oh, you didn't earn that and you owe more to the common good. >> to his point is what workers are telling us. they are just showing up m. >> look. i don't think we are versus capitalism versus socialism. we are talking about how they enable workers to feel they are productive versus use crewed up spit out. we have capitalism that worked great in the 50s and 60s when workers put in hard work and bosses made mon yeworkers saw productivity and family wealth grow and nowow they are working harder and getting less to benefit. that is not blaming government. it is not fair, we owe those workers an answer . >> one of the thingings that
worker productivity that does help a business out is the fact they can achieve more with less. we aren a bad economy where that is is a requirement of doing business in the u.s.. >> look at facebook. they created a 40 billion companynd came out higher than that. and with only 2000 employees. they don't need more employees. s are up and they are not hiring people and pass down. it is different with the tech companies. that same billion dollar company at the railroad has 10 times the number of employees. we county have jobs that are crte needed by the large . that's why we need a energy plan and jobs plan to get things done. salliments to go back to the
1950s. go back to the 18 90s and most productist before the entitlement stat and government hand out to help us live our lives. it was the most productivity point in american history . you don't get workers feeling like they are stress down. they feel like they are enabled. >> and dying from poverty. >> and the down side is innovation right. and creating new productings. if i am work and stressed o and worried about everybody at home. i am not pushing it further. we are halting because of the uncertainty . to tracey's point. it is a shame that people are not excite to get up and go to work and excited about a job. that is a shift we haven't seen before. >> we went from a manufacturing society t a service economy. and that is going to in and of itself use less and less people. if you go to china they have a
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okay, i have a different chart. going that way, does that make a difference ? look at verizon. it's so much more than the other ones. so what if we just changed the format altogether ? isn't that the exact same thing ? it's pretty clear. still sticking with verizon. verizon. more 4g lte coverage than all other networks combined. oh, hey alex. just picking up some, brochures, posters copies of my acceptance speech. great! it's always good to have a backup plan, in case i get hit by a meteor. wow, your hair oks great. didn't realize they did photoshop here. hey, good call on those ms. can't let 'em see what you're drinking. you know, i'm glad we're both running a nice, clean race. no need to get nasty. here's your "honk if you had an affair with taylor" yard sign. looks good. [ male announcer ] fedex office. now save 50% on banners. and there's a big advantage parents can give their kids -- making sure they get active at least 60 minutes each day. studies show that physical activity
crilticings slamming the health care law. they are labeling it taxpayer funded bribe. you agree with the criticings. >> this is cronyism, cheryl. the president goes around with a bag of goodis and hand out. cheap loans for students and solyndra for the greens and of course, this extra payment for medicare patients? an paying some doctors more to treat patients more for two years and a total arbitrary confusing plan instead of addressing the entitlement. he is getting votes in the process. >> it is only a temporary
measurend only lasting two years. >> johnathon tagged approximate right. confusing is the worse. they are saying dails are yet to be worked out. the administration has not begin the final rules yet and they haven't published the rates for medicare for 2013. here is a bill over 2000 pages long and put it together with glue. and no one read it or understand itself and they dump it on the bureaucracy and say you boys go ahead and interpert how we do >> and the federal government never knows what they are going to do. i hear the word uncertainty. it is for patients patients who are rejected for medicare or medicaid. poor people don't have
insurance and they will either go to the emergency room and get exceptionally expensive care that we bearhe cost of over go to doctors. now enough docto are not treating for medicaid because reimbursementerates. it seems like a good idea? nancy pelosi said now we signed it, we have to read it and to wayne's point. every day we'll hear more and more. we have to fix it. and it is not right . band aid for cash to give to somebody else before we figure out what to do next. i go back to a temporary measure and does it somp the over all problem that medicaid patients and doctors are face nothing all of this. >> it is right. they are not sure what to do
with the obama care . what sally said is correct economically. better to pay insurance or rising cost of the health care. but obama care, we didn't reform anything. all we did stic 30 or 50 more people on a insurance role without the problems of health care and now they are talking about dog something with it now. that's what is you causing it to be worse and a srt fall of 10,000 over the next year to deal with it. >> sally, get in with this. the issue is mal practice lawsuits and they didn't get protection. >> i didn't think we were going to relitigate obama care. everybody seems to maybe except johnathon who want to get rid of medicaid. and providing coverage for people - on poor people. you don't like the way obama
was con-- >> let me make a point. all . care you want to give and help you want to give is destructive to health care . he wants to pay people 64 percent more is a arbitrary number. wages exist in reality and all of the intervention to fix the market place destroys it. >> you know, johnathon i rather be in american with medicaid and medicare than america without it. >> it has to be addressing the lem fant in the room. we are putting band aid. >> combine both in the process and address it >> poor people have better care before medicaid. >> it needs to be fixed. you can't keep doing what you are doing. >> and we have to address medicare and medicaid. we are trying to force doctors
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percent . the cost of the private colleges rising 60 percent that. is a 40 percent difference. you say because of all of the government aid in the public school system. >> we are sending federal money to the public school system. if tuition keeps going on. the governmen screwed it up. and they are getting hit it is a syllabus for disaster for educating our kids. >> wayne, 100 percent jump in the last 10 years, that is pretty big. in michigan state. he said you know, the students don't like the old style dorms where they share bathrooms.
well enough. it is a prive privilege to get an education and you can't just abuse it. and so the fact they build new dorms and a lot of that is rushish. put it in the classom and teachers and students where it will have an affect in the end and so that you see it in grades. >> sally do you support the fact that you keep giving. >> we are not. federal money goes to research grants and stuff like that. not for operating costings. but the states are what fund state universities have cut their spendog state universities 15 percent and enrollment went up 12 percent . meanwhile public universities are $5000 cheeper than private. this is a mountain out of a hole hill. >> wayne, that is happening out in calornia. >> it is happening everywhere. i say i think sally is right in that sense. you have to put the money
where it is going to serve the people and the educational purpose. it will sench them in university and the government gets out of the business of being a princal or dean or schoolmarm. governmentopoly and regulation and increase prices. and the reason the iphone went down it doesn't have that monopoly. we need enterprise and not more government spending which is the left's only option. >> in the end of the day, we are not seeing great gpa's coming out of the universities. >> they are coming out with degrees they can't use. political arts and science dregrease. they might as well not go to college. we are facing a short fall of tech engineerings. and we are not doing anything to try to cover that short fall. sally is right. the problem is the public colleges is that thetates
are having to cut spend it is the priorities of the states spending can approximate but keeping the social entitlements and they reform them to give something to education. >> i am still using my communication degree. and sally, thank you for joining. >> that is not liberal artings. >> oh, john. >> but mine. >> and forget the election, [ engine revving ]
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>> it's time for what i need know next week. >> after the election there is events to pressure lawmakers not to save social secury and medicare. >> and john lay field. >> if you listen to wayne and johnathon you make money. there is a way to work with ford and it is a good stock. >> and up to wayne rogers. >> thank you, john. i like ford, too. the cash america trade suggest less and nine times earnings. >> johnathon? >> i like the floating rate funds pennant park. pflt. i ownit in my asset management enterprise. >> and it will do well.